O'Reilly Auto Parts 2002 Annual Report Download - page 37

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2002 Annual Report 35
(In thous ands , e xce pt pe r s hare data)
YEARS ENDED DECEMBER 31, 2002 2001 2000
Product sales $1,312,490 $1,092,112 $ 890,421
Cost of goods sold, including warehouse
and distribution expenses 759,090 624,294 507,720
Operating, selling, general and
administrative expenses 415,099 353,987 292,672
1,174,189 978,281 800,392
Operating income 138,301 113,831 90,029
Other income (expense):
Interest expense (9,248) (9,092) (8,362)
Interest income 989 1,362 439
Other, net 940 626 1,053
(7,319) (7,104) (6,870)
Income before income taxes 130,982 106,727 83,159
Provision for income taxes 48,990 40,375 31,451
Net income $81,992 $66,352 $ 51,708
Basic income per common share:
Net income per common share $1.54$1.27 $ 1.01
Weighted-average common shares outstanding 53,114 52,121 51,168
Income per common share – assuming dilution:
Net income per common share – assuming dilution $1.53$1.26 $ 1.00
Adjusted weighted-average common
shares outstanding 53,692 52,786 51,728
Se e ac c o mpanying note s .
CONSOLIDATED STATEMENTS OF INCOME